Top 15 Venture Capital Firms for Information Technology Startups

When you're preparing to raise capital for your Information Technology startup, knowing which investors to approach is critical. The world of venture capital is vast, and finding a firm that truly understands your specific area—whether it's SaaS, AI, or enterprise software—can make all the difference in your fundraising process.

To help you find the right partners, our team at Rho has curated this overview of top venture capital firms that focus on technology. Use this guide to quickly learn about the investors who are most relevant to your business.

Just raised, or about to? Set up your financial stack with Rho in minutes. Rho provides business banking, corporate cards, and bill pay—built for startup teams moving fast.

Which VC Firms in Information Technology Are Right for Your Stage?

Whether your company is in its early stages or preparing for an exit, it helps to know who to talk to. Here’s a quick look at which venture capital firms in information technology invest at each stage.

Pre-seed and Seed VC Firms in Information Technology

Pre-seed and seed funding is the initial capital you'll raise to validate your idea and build a minimum viable product. For founders working in enterprise software or fintech, some seed stage venture capital firms to consider are Underscore VC, Ulu Ventures, and Day One Ventures.

Early Stage VC Firms in Information Technology

Early-stage funding, typically Series A and B, is for startups with proven traction that need capital to scale their team and accelerate growth. If your company is in a specialized field like deep tech or cybersecurity, you might look into technology VC firms like Ballistic Ventures, Playground, and Shield Capital.

Late Stage VC Firms in Information Technology

Late-stage capital supports established companies as they expand into new markets, make acquisitions, or prepare for an IPO. Prominent late stage VC firms that back technology companies on this path include Silversmith Capital Partners, BlueRun Ventures, and Elsewhere Partners.

It's also common for major venture capital firms to invest across all startup funding stages, from seed to exit.

Below is our overview of top venture capital firms specializing in information technology. For each firm, you'll find key details on their investment stages, geographic focus, and what makes them a strong potential partner for your company.

1. Silversmith Capital Partners

Based in Boston, Silversmith Capital Partners provides growth capital to profitable companies in the technology and healthcare industries. The firm partners with entrepreneurs to help them accelerate growth and scale their businesses.

Silversmith invests across a company's entire lifecycle, from seed rounds to private equity, and supports businesses through major growth stages. Their portfolio features prominent SaaS companies like ActiveCampaign, Webflow, and SurveyMonkey, showing a clear preference for strong, product-focused businesses.

This firm is a good match for founders of capital-efficient technology companies who have already found product-market fit. Their track record suggests they are a valuable partner for scaling a business toward a large exit or an IPO.

• Investment stages: Seed to private equity
• Industries of focus: Information Technology, SaaS, and Healthcare
• Location: Boston, MA
• Founded: 2015
• Notable investments: ActiveCampaign, Webflow, impact.com, and SurveyMonkey
• Portfolio size: Over 50 investments

You can refer to their website here.

2. Underscore VC

Underscore VC is a Boston-based firm that backs B2B software companies at the pre-seed and seed stages. Their portfolio highlights a focus on this sector, featuring the unicorn collaboration platform Coda and a history of successful exits to strategic buyers like Cloudflare and Optimizely.

If you are a founder of an early-stage B2B software startup, Underscore VC could be a strong partner. Their experience in guiding companies toward strategic acquisitions makes them particularly relevant for entrepreneurs with that exit strategy in mind.

• Investment stages: Pre-Seed, Seed, and Early Stage Venture
• Industries of focus: B2B Software, Information Technology, Financial Services
• Location: Boston, MA
• Founded: 2015
• Notable investments: Coda, BastionZero, Zaius
• Portfolio size: Over 90 investments

You can refer to their website here.

3. Ballistic Ventures

Ballistic Ventures is a venture capital firm based in San Mateo that is dedicated exclusively to cybersecurity. They fund and support entrepreneurs building new solutions in the security space.

The firm's singular focus on cybersecurity is its defining characteristic, backing companies from their early stages. Their portfolio includes notable exits like Talon Cyber Security's acquisition by Palo Alto Networks, indicating a strong record of guiding companies to strategic acquisitions.

If you are a founder of an early-stage cybersecurity startup, Ballistic Ventures may be an ideal partner. They are particularly well-suited for entrepreneurs who are building toward a strategic acquisition by a major technology company.

• Investment stages: Early Stage Venture
• Industries of focus: Cybersecurity, Information Technology
• Location: San Mateo, CA
• Founded: 2021
• Notable investments: Talon Cyber Security, AlienVault, ArcSight, Instana
• Portfolio size: Over 60 investments

You can refer to their website here.

4. Shield Capital

Shield Capital is a San Francisco-based venture capital firm that backs founders building frontier technologies. Their investment thesis centers on companies developing novel solutions in areas like AI, aerospace, and cybersecurity.

The firm's clear focus is on deep tech, backing companies from their seed and early stages. Their portfolio includes Snorkel AI, a data-centric AI platform, and Rebellion Defense, which develops AI-driven software for the defense sector.

If you are a founder working on technically complex problems in areas like artificial intelligence or national security, Shield Capital may be a good fit. They appear well-suited for entrepreneurs building companies with long-term, ambitious roadmaps.

• Investment stages: Seed and Early Stage Venture
• Industries of focus: Frontier Technology, AI, and National Security
• Location: San Francisco, CA
• Founded: 2021
• Notable investments: Snorkel AI, Rebellion Defense, Hawkeye 360
• Portfolio size: 29 investments

You can refer to their website here.

5. Workday Ventures

Workday Ventures is the corporate venture capital arm of Workday, the enterprise software company. Based in San Francisco, they invest in companies building the next generation of enterprise software across various stages.

As a corporate VC, their focus is strategic, backing companies that align with the future of work and enterprise technology. Their portfolio includes unicorns like Vanta and Papaya Global, and they have a history of major exits, such as Duo Security's acquisition by Cisco.

If you are a founder building enterprise software, particularly in areas that complement Workday's ecosystem, this firm could be a valuable partner. They are a good fit for companies seeking capital alongside deep industry expertise and potential distribution advantages.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture
• Industries of focus: Enterprise Software, Financial Services, Information Technology
• Location: San Francisco, CA
• Founded: 2015
• Notable investments: Vanta, Papaya Global, Multiverse, Duo Security, Sumo Logic
• Portfolio size: 86 investments

You can refer to their website here.

6. Ulu Ventures

Ulu Ventures is a Palo Alto-based firm that operates as a seed-stage venture fund. They primarily back companies in the financial services and information technology sectors.

The firm has a history of backing highly successful companies that have gone on to become public, such as the big-data firm Palantir and the fintech platform SoFi. This track record points to an ability to identify and support startups with the potential for significant, market-defining growth.

If you are a founder of a seed-stage company, particularly in fintech, and have ambitions for a large public offering, Ulu Ventures could be a strong partner. Their portfolio shows they are comfortable with big, category-defining ideas.

• Investment stages: Seed, Early Stage Venture
• Industries of focus: Financial Services, FinTech, Information Technology
• Location: Palo Alto, CA
• Founded: 2008
• Notable investments: SoFi, Palantir, Guild Education, BetterUp
• Portfolio size: Over 300 investments

You can refer to their website here.

7. Amazon Alexa Fund

The Amazon Alexa Fund is the corporate venture capital arm of Amazon, based in Seattle. It was established with up to $200 million in capital to support companies building new applications for voice technology.

As a corporate fund, its investments are often strategic, backing companies that can expand the ambient computing ecosystem. While its core thesis is voice technology, its portfolio includes well-known consumer brands like the security company Ring and the fintech platform Greenlight, showing a broad interest in hardware, software, and AI.

This fund is a strong potential partner if you are building a company in consumer electronics, IoT, or AI, particularly with a voice-enabled component. Founders seeking a strategic investor who can offer distribution and integration opportunities within the Amazon ecosystem would find this fund especially relevant.

• Investment stages: Seed to Late Stage Venture
• Industries of focus: Voice Technology, AI, Consumer Electronics, IoT, FinTech
• Location: Seattle, WA
• Founded: 2015
• Notable investments: Ring, Ecobee, Greenlight, Pixieray, Osmo
• Portfolio size: Over 140 investments

You can refer to their website here.

8. Playground Global

Playground Global is an early-stage venture capital firm in Palo Alto that supports founders with deep technical and scientific expertise. They focus on companies building foundational technologies that have the potential to reshape entire industries.

The firm's portfolio shows a clear preference for deep tech, with investments in robotics, AI, and next-generation computing hardware. Notable companies include Agility Robotics and Ayar Labs, alongside significant exits like MosaicML's acquisition by Databricks and Nervana's sale to Intel.

If you are a founder with a background in science or engineering and are tackling a complex technical challenge, Playground Global could be a suitable investor. They are well-positioned to support companies with long research and development cycles that are creating truly novel technology.

• Investment stages: Early Stage Venture
• Industries of focus: Deep Tech, Artificial Intelligence, Robotics, Software
• Location: Palo Alto, CA
• Founded: 2015
• Notable investments: Agility Robotics, MosaicML, Nervana, Ayar Labs
• Portfolio size: 120 investments

You can refer to their website here.

9. Freestyle Capital

Freestyle Capital is a San Francisco-based firm that invests in early-stage technology companies, with a strong focus on seed funding. They back founders building businesses in software, finance, and information technology.

The firm is known for its early investments in companies that became household names, including Airtable, Intercom, and Patreon. This history shows a clear ability to identify and support startups with massive growth potential from their earliest days.

Freestyle Capital is a great fit if you are a founder of a seed-stage technology company with high-growth ambitions. Their portfolio suggests they are particularly interested in founders who are building products with the potential to define or create new markets.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture
• Industries of focus: Information Technology, Software, Finance, Telecommunications
• Location: San Francisco, CA
• Founded: 2009
• Notable investments: Airtable, Intercom, Patreon, BetterUp, Snapdocs
• Portfolio size: Over 220 investments

You can refer to their website here.

10. Elsewhere Partners

Elsewhere Partners is an Austin-based growth capital firm that invests in B2B software companies. They specifically focus on businesses built outside of traditional venture hubs.

The firm supports companies across their entire lifecycle, from early venture rounds to private equity. Their portfolio includes major successes like SailPoint and SolarWinds, demonstrating a history of backing companies to large-scale exits.

This firm is a good match if you're a founder of a B2B software company located outside of the main tech ecosystems. They are well-suited for entrepreneurs who have established a product and are seeking a partner for long-term growth.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, and Private Equity
• Industries of focus: B2B Software, Information Technology, and Internet
• Location: Austin, TX
• Founded: 2017
• Notable investments: Bazaarvoice, SolarWinds, SailPoint, Jam City
• Portfolio size: 22 investments.

You can refer to their website here.

11. Day One Ventures

Day One Ventures is a San Francisco-based firm that backs early-stage, customer-focused companies. A key part of their model is actively leading communications and PR for the startups in their portfolio.

This emphasis on public relations support is a significant differentiator, helping founders shape their narrative from the start. Their portfolio includes major successes like the global HR platform Remote and the crypto project Worldcoin, showing their ability to back companies that achieve massive scale.

This firm is a great choice if you are a founder who values storytelling and wants a partner to help build your company's public profile. Their focus on "customer-obsessed" companies suggests they are looking for founders with a clear vision for their user base.

• Investment stages: Seed and Early Stage Venture
• Industries of focus: Information Technology, Financial Services, Business Development
• Location: San Francisco, CA
• Founded: 2018
• Notable investments: Remote, Worldcoin, BitFury, Root
• Portfolio size: Over 110 investments
• Unique approach: Provides hands-on communications and PR support for portfolio companies.

You can refer to their website here.

12. SineWave Ventures

SineWave Ventures is an Arlington-based firm that provides capital to technology companies. They invest in businesses serving both commercial and public sector markets.

The firm's portfolio shows a strong record of backing major enterprise and infrastructure companies, including the AI platform Databricks and the cybersecurity provider SentinelOne. This highlights a focus on companies with dual-use potential, capable of selling to both private industry and government agencies.

If you are a founder of an enterprise software or infrastructure company with a product applicable to both commercial and public sectors, SineWave may be a good partner. They are well-suited for founders aiming for significant scale and a major exit, such as an IPO or a large acquisition.

• Investment stages: Early Stage Venture, Late Stage Venture
• Industries of focus: Enterprise Software, Information Technology, Infrastructure, Financial Services
• Location: Arlington, VA
• Founded: 2015
• Notable investments: SentinelOne, Databricks, Evolv Technology, Clarifai
• Portfolio size: 44 investments

You can refer to their website here.

13. Script Capital

Script Capital is a San Francisco-based venture firm that invests in early-stage internet and software companies. They focus on providing seed and early-stage capital to help founders build their businesses from the ground up.

A review of their portfolio shows a clear pattern of successful exits through acquisitions by major technology companies. They backed Zenly (acquired by Snap), Sqreen (acquired by Datadog), and LockerRoom (acquired by Spotify), demonstrating an ability to identify startups with strong strategic value.

This firm is a strong choice if you are a founder of an early-stage software or internet company with a clear path to a strategic acquisition. Their track record suggests they are an effective partner for entrepreneurs building products that larger tech players will find attractive.

• Investment stages: Seed, Early Stage Venture
• Industries of focus: Software, SaaS, FinTech, Internet of Things
• Location: San Francisco, CA
• Founded: 2016
• Notable investments: Patreon, Zenly, Sqreen, LockerRoom
• Portfolio size: 56 investments

You can refer to their website here.

14. BlueRun Ventures

BlueRun Ventures is a San Mateo-based firm that has been investing in technology since 1998. They focus on early and late-stage opportunities across mobile software, services, and financial technology.

The firm has a history of backing category-defining companies, including early investments in PayPal and Waze. Their track record shows a focus on startups with the potential for large-scale exits, whether through an IPO or a major acquisition.

This firm is a good fit if you are a founder of a mobile or fintech company aiming for a market-defining exit. Their portfolio suggests they are strong partners for businesses with the potential to become household names.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture
• Industries of focus: Mobile Software, Financial Services, FinTech
• Location: San Mateo, CA
• Founded: 1998
• Notable investments: Waze, PayPal, Coupa Software, Hello Heart
• Portfolio size: Over 210 investments

You can refer to their website here.

15. Illuminate Ventures

Based in Oakland, Illuminate Ventures is a venture capital firm that backs B2B and enterprise software companies. They specialize in seed-stage startups that are slightly more developed, looking for businesses that can show a quick and clear return on investment.

The firm's defining characteristic is its focus on B2B software companies that can demonstrate measurable ROI. Their portfolio includes major public market exits like the e-commerce company Coupang and the SaaS provider Xactly, showing their ability to support companies toward significant outcomes.

Illuminate Ventures is a good match for founders of B2B software companies who have moved beyond the idea stage and can prove their solution's value. If you have a product with early signs of traction and a clear path to a large exit, this firm could be a strong partner.

• Investment stages: Seed and Early Stage Venture
• Industries of focus: B2B Enterprise Software, SaaS, AI, and Big Data
• Location: Oakland, CA
• Founded: 2010
• Notable investments: Coupang, Xactly, Opsmatic, Red Aril
• Portfolio size: 65 investments

You can refer to their website here.

What This Tells Us About The VC Scene for Information Technology Companies

This overview shows a broad and well-developed venture capital community for information technology companies. There is a strong concentration of firms that fund early-stage businesses, which is great news for founders seeking seed or Series A capital. At the same time, many firms on our list support companies through later stages to an exit.

Geographically, while major hubs like the Bay Area and Boston remain prominent, you'll find active investors in other regions like Austin and the DC area. The variety extends to investor type, from traditional VCs to corporate funds and specialists in areas like deep tech or public relations. Ultimately, this variety gives you options, so the key is to research which firm’s investment thesis and expertise best align with your company’s goals.

Raise Confidently with Rho

Fundraising requires significant time and focus, so approaching the right investors from the start is essential. This curated list is designed to help you direct your energy toward the firms most aligned with your company.

Once your round is closed, the work of managing that capital begins. If you’ve just raised, Rho can help you set up your financial stack in minutes.

Our platform provides the tools you need to manage your new funding with confidence. We offer integrated business banking, corporate cards, and bill pay designed for growing startups.

FAQs about Venture Capital Firms Focused on Information Technology

What is the difference between seed and Series A venture capital firms?

Seed stage venture capital firms provide the initial capital to help you validate an idea and build a product. Series A firms invest later, once you have proven product-market fit and need capital to scale your team and operations.

Are there major tech VC firms outside of Silicon Valley?

Yes, many major technology VC firms operate outside Silicon Valley. Cities like Boston, New York, and Austin have strong venture capital communities, with firms specializing in everything from SaaS to deep tech, offering you more geographic options for funding.

How do I find AI-focused early stage VC firms?

To find AI-focused early stage VC firms, research their portfolios for investments in AI or machine learning. Many firms, like Shield Capital or Playground Global from our list, explicitly state their focus on AI and deep tech on their websites.

What are the benefits of working with a corporate venture capital firm?

Corporate venture capital firms can offer strategic benefits beyond just capital. These may include deep industry expertise, potential distribution channels, and partnership opportunities that can help accelerate your company’s growth and market presence.

How many VC firms should I contact when fundraising?

Focus on quality over quantity. A targeted list of 20-30 well-researched firms that align with your industry and stage is more effective than a broad approach. Personal introductions can also significantly improve your response rate.

How can Rho help after I raise from a tech VC firm?

Once you've secured funding, Rho helps you manage it effectively. Our platform combines business banking, corporate cards, and automated bill pay, giving you the financial tools to scale your startup with confidence. Get started with Rho.